PROPERTY AND EQUIPMENT— NET

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT - NET

Property and equipment, net consists of the following:


	June 30, 2025		December 31, 2024


Land	$	200,366	$	162,873
Buildings and improvements	1,111,361		933,790
Leasehold improvements	232,052		212,603
Equipment	440,385		396,018
Furniture and fixtures	4,642		4,349
Construction in progress	54,054		41,209

	$	2,042,860	$	1,750,842
Less: accumulated depreciation	(507,675)		(459,488)
PROPERTY AND EQUIPMENT, NET	$	1,535,185	$	1,291,354

Management evaluated its long-lived assets and determined there was no impairment during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company recorded an impairment charge of $1,849 within the Company's consolidated statement of income as cost of services.

Real Estate Acquisitions

A majority of the real estate properties were acquired by subsidiaries of Standard Bearer, as detailed in Note 6. Standard Bearer. The table below presents the allocation of the purchase price for real estate purchases during the six months ended June 30, 2025 and 2024:



	Six Months Ended June 30,
	2025		2024
Land	$	37,493	$	14,491
Building and improvements	162,806		48,535
Equipment, furniture, and fixtures	3,956		1,483
Assembled occupancy	354		377

Goodwill	—		372


Other indefinite-lived intangible assets	—		132

TOTAL ACQUISITIONS	$	204,609	$	65,390

ENSIGN GROUP, INC 10-Q